Key Market Indicators
Malawi's vehicle registration is projected to decline to approximately 1,310 units by 2028, down from around 1,460 units in 2023. This marks an average annual decrease of 1.7%. Since 2010, the Malawian market has seen a gradual decline, averaging a 0.7% decrease each year. In the global ranking for 2023, Malawi held the 118th position. Gabon, with 1,460 units, was slightly ahead. Leading the rankings were Canada, China, and Austria, occupying the second, third, and fourth spots, respectively.
